Richard B. Handler, the Chief Executive Officer (CEO) of Jefferies Financial Group, has become a prominent figure in the financial industry. With his offbeat online persona and impressive track record, Handler has risen to become one of Wall Street’s newest billionaire CEOs.
In this article, we will explore Richard B. Handler Net Worth in 2023, his career achievements, and his personal life.
Quick Facts
| Basic Information | Details |
| Full Name | Richard B. Handler |
| Popular Name | Richard Handler |
| Gender | Male |
| Birth Date | May 23, 1961 (Zodiac sign: |
| Age | 62 years |
| Birth Place | New Jersey |
| Nationality | American |
| Education | Bachelor of Arts in Economics from the University of Rochester, MBA from Stanford University |
| Marital Status | Married |
| Wife/Spouse | Martha Hunt Handler |
| Net Worth | Approximately $402 million |
| Source of Wealth | CEO of Jefferies Financial Group |
What is Richard B. Handler Net Worth and salary in 2023?
As of 2023, Richard B. Handler’s estimated net worth is approximately $402 million. This impressive fortune is a result of his successful tenure as the CEO of Jefferies Financial Group Inc. Handler also owns about 11,186,965 shares of Jefferies Financial Group Inc (JEF) stock, which adds to his substantial wealth.
Why is Richard B. Handler famous?
Richard B. Handler has gained fame and recognition in the financial world for his exceptional leadership skills and business acumen.
As the CEO of Jefferies Financial Group, he has led the company to great success, with soaring shares and impressive financial results. Handler’s unconventional online presence, particularly on Instagram, has also garnered attention and made him stand out among his banking rivals.
Richard B. Handler Overview
Early Life
Richard B. Handler was born on May 23, 1961, and grew up in New Jersey. He attended Pascack Hills High School in Montvale and went on to earn a Bachelor of Arts degree in Economics from the University of Rochester magna cum laude in 1983. He further pursued his education and obtained an MBA from Stanford University in 1987.
Career and Awards
Richard B. Handler is a renowned American businessman who has been serving as the Chief Executive Officer (CEO) of Jefferies Group since 2001. His tenure makes him one of the longest-serving CEOs on Wall Street.
He also holds the position of CEO at Jefferies Financial Group Inc., a diversified financial services company. Handler’s career began as a bond trader at Drexel Burnham Lambert, and he joined Jefferies in 1990. Over the past three decades, he has worked with his partners to transform Jefferies into an independent, full-service global investment banking firm.
Handler’s leadership has been marked by significant achievements and challenges. In 2012, he played a pivotal role in saving Knight Capital Group after the company suffered a $440 million loss due to a technology glitch.
Alongside Brian Friedman, President of Jefferies Financial Group Inc., Handler led the rescue operation, which included making Jefferies the largest shareholder with an investment of $125 million.
Furthermore, under his guidance, Jefferies merged with Leucadia National Corporation, its largest shareholder and a longtime partner of Handler, in March 2013. The merger resulted in the rebranding of Leucadia as Jefferies Financial Group Inc. in 2018.
Handler’s wealth now exceeds $1 billion, according to the Bloomberg Billionaires Index, thanks to cash bonuses, real estate interests, and private partnership stakes.
He owns about 11,186,965 shares of Jefferies Financial Group Inc (JEF) stock worth over $413 Million. His total compensation in 2022 was $56,897,424, including two major stock awards – a fiscal 2021 equity award of $20.4 million and a five-year Leadership Continuity Grant of $25 million dollars.
Despite his success, Handler’s career has not been without controversy. In November 2011, ratings company Egan-Jones issued a negative report regarding Jefferies that caused a 20% decline in the Jefferies stock price.
Handler and the Jefferies management team responded with unprecedented immediacy and transparency, collapsing in a matter of days 75% of a sovereign debt position that had been identified as a problem by Egan to prove the bonds were hedged and highly liquid. This aggressive and unconventional response resulted in an eventual rebound in Jefferies share price.
Personal Life
Outside of his professional endeavors, Richard B. Handler leads a fulfilling personal life. He is married to Martha Hunt Handler, and together they are actively involved in philanthropic efforts.
Social Media Accounts
FAQs about Richard B. Handler
How much does Richard Handler make?
In 2022, Richard Handler’s total compensation as the Chief Executive Officer of Jefferies Financial Group was $56,897,424. This included significant stock awards and bonuses.
How long has Richard Handler been the CEO of Jefferies?
Richard Handler has been the Chief Executive Officer of Jefferies Group since January 1, 2001, making him one of the longest-serving CEOs on Wall Street.
Is Richard Handler a billionaire?
Yes, Richard Handler became a billionaire in 2023, thanks to the soaring shares of Jefferies Financial Group.
Conclusion
Richard B. Handler’s journey from a salesman and trader to a billionaire CEO is a testament to his exceptional leadership skills and business acumen. As the CEO of Jefferies Financial Group, he has achieved remarkable success and continues to make waves in the financial industry. Thank you for reading.
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